Stocks could fall 40% in a collapse mimicking the Great Depression, famed economist Gary Shilling says

12:27pm PDT - July 6th, 2020    amazon stock - Business Insider

• The stock market faces a reckoning when investors come to terms with the coronavirus' long-term economic damage, legendary economist Gary Shilling said.
• Shilling — who correctly called the housing-market crash of 2008 — told CNBC that equiti…